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concluded while the precise cost of the crisis is difficult to calculate the total damage to the economy may be as high as $13 trillion. i say again $13 trillion. with a "t" dollars. as they urge you to consider the benefits of continuing to implement wall street reform. i would like to make one final comme comment. since he was appointed as head of the cfpb last year director cadre and the cfpb have worked tirelessly to finalize many rules and policies to protect consumers in areas such as mortgages, student lending, service member rights, and credit cards. he has done good work and i urge my colleagues to confirm him to a full term without delay and allow the cfpb to continue its important work protecting consumers. i now turn to our ranking member. >> thank you very much, mr. chairman. you and i have a very good personal friendship and have had a good working relationship over the years and i look forward to building on that and working with you as the ranking member of the committee this year in this congress. one of my objectives and hopes would be to work together on the kind of common
to individuals as well as to the economy of permitting refinancing at this time? >> thank you for that question. the population of homeowners who today are under water on their mortgages is 20% of all homeowners who have not been able to refinance in a low-interest rate environment, a missed opportunity. to reach homeowners who are more benefit for a high-interest loan they may hold. we very much support any assistance to reach that population. we have a program that is reaching homeowners whose mortgages happen to be held guaranteed by the g s es, we have seen very good take up in the refinancing assistance for providing underwater loan holders in that population but another group of homeowners to not have mortgage held that the gsts that have not been able to take advantage of this. we think it will be good for homeowners and good for the mortgage market and the economy. >> senator coburn. >> i'm glad to be on this committee. i have one question and i will submit the rest of my question to the record. this is for mr. cordray. mentioned financial literacy that needs to be approved. i wonder if
taken them 100 years and held the book economy to get to something as novel as an enhanced e-book and they are doing it. i don't know how it will work. tomorrow in baltimore i am teaching a seminar built around this short book. i taught it before at other schools and chapel hill, my alma mater commuting from baltimore. this time is different in two respects, it will be built around a shorter books that reading is on the other is too to not have a seminar in front of me and people on line from all over the country and even outside the country around the world auditing this class in a test for whether or not we can use the same technology that will create an enhanced e-book but use that technology to invite large numbers of students to take part in sending questions and questioning to what is and get to know each other or using the web. there are a lot of newfangled items going on about how this is presented as i am struggling to catch up with myself. they instructed me how to sweet and twitter and facebook and all these other things but a lot of things like the enhance e-book
about it. that's black pride. it meant economies of black communities, the northern ghetto, so to speak should be run by blacks instead of absentee white owners. he believes community control of schools. so yes, he believes in black autonomy. he's not an integrationist as such and he said it's up to us, it is our struggle. >> taylor branch, author of the multivolume, "america in the king years" presents his thoughts on key moments in the civil rights movement. this is about an hour and 15 minutes. >> thank you, mr. hill. i've been here before. i'm glad to be back and now glad to be back talking about something that has been a subject dear to me for my whole life and is inescapable now that i'm getting older, that it is my life's work and i am glad for it. this is another round. i'm going to take more questions tonight. going to say provocative things about what i think this history is significant and about this project itself, which is a little odd to spend 24 years writing a 2300 page trilogy and commodity years later with 190 page book. a lot of people who have read some of the other
Search Results 0 to 3 of about 4